Archive for the ‘Miscellaneous’ Category

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Ohio Preps to Support the Next Generation of Exporters

October 20, 2014

Todd Hiser is a Senior International Trade Specialist at the U.S. Export Assistance Center in Cleveland, Ohio.

Small map of U.S. Midwest with Ohio highlightedCall it a trend. For three straight years, Ohio has set records for annual state exports.

In 2013, the state exported $50.8 billion in goods, with transportation making up 32 percent of the export total.

It’s certainly something to celebrate, as those exports support more than 259,000 jobs. But rather than spend  time celebrating, Ohio is moving to prepare the next generation of exporters.

The Ohio Export Internship Program, a collaboration between the Ohio Development Services Agency and Youngstown State University’s Williamson College of Business Administration, is a special track for students looking to contribute to the future of global businesses in Ohio. The program features a specially-designed exporting course in the spring, followed by an export-related internship in the summer.

What does this mean for Ohio? It means we are helping create a global fluency among tomorrow’s business leaders. It means we are giving tomorrow’s workforce the skills necessary to succeed in tomorrow’s business environment – a global business environment. Commerce Secretary Penny Pritzker has called for trade to become part of the DNA of our economy. This is how we make that happen.

There’s still time for students to apply for the internship, and any students interested in global business should apply.

As the world continues to seek out the quality products we make here in Ohio, I’m excited to see how the interns who graduate from this program enable more companies to meet that demand.

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ITA Hosts 7th Annual U.S. Industry Program At the International Atomic Energy Agency for U.S. Civil Nuclear Industry Delegation

October 16, 2014
DAS for Manufacturing Chandra Brown and other U.S. Government officials with the U.S. industry delegation at the 7th annual IAEA U.S. Industry Program

DAS for Manufacturing Chandra Brown and other U.S. Government officials with the U.S. industry delegation at the 7th annual IAEA U.S. Industry Program

Chandra Brown is the Deputy Assistant Secretary of Commerce for Manufacturing.

The Department of Commerce estimates the global civil nuclear market to be worth $500-740 billion over the next ten years, meaning there are significant export opportunities for U.S. companies.

That’s why our team at the U.S. Department of Commerce’s International Trade Administration (ITA) organized the 7th Annual U.S. Industry Program at the International Atomic Energy Agency (IAEA) General Conference in Vienna, Austria.

This program helps U.S. civil nuclear companies and organizations from across the supply chain to showcase their world-class technology to key foreign government decision makers and energy policymakers from around the world. U.S. companies are the global leaders in the field, and this event gives them the chance to prove it.

Chandra Brown, Deputy Assistant Secretary for Manufacturing in ITA’s Industry & Analysis (I&A) unit, led the U.S. industry delegation for the second consecutive year.

The event featured a delegation of 47 representatives from 25 leading U.S. civil nuclear technology and service providers. The program received strong support from the U.S. Departments of State and Energy, the National Security Council, and the U.S. Export-Import Bank.

Some of the program highlights included:

  • Fifteen meetings with foreign government delegations from top target markets, including China, the UAE, Saudi Arabia and Japan;
  • A Roundtable dialogue with U.S. policymakers, led by Secretary of Energy Ernest Moniz, Nuclear Regulatory Commission Chairman Allison Macfarlane, and White House Director for Nuclear Energy Policy Joyce Connery;
  • A U.S. exhibit where foreign delegates could learn more about the participating U.S. companies;
  • Over 90 one-on-one meetings with CS staff from ten top markets brought to Vienna specifically for the event.

The event occurred just before a recently announced milestone in U.S. civil nuclear trade – the October 3rd announcement that the U.S.-Vietnam agreement on civilian nuclear energy cooperation (123 Agreement) has entered into force. This agreement enables bilateral commercial nuclear trade between the U.S. and Vietnam and will help U.S. industry to gain greater access to a market worth as much as $20 billion dollars.

The U.S. Industry Program at the IAEA has become a flagship ITA event and enables the U.S. Government and U.S. industry to engage in a coordinated manner with potential foreign buyers from both emerging markets and mature markets.

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President’s Export Council to Participate in Administration’s First Ever Fact-Finding Mission

September 11, 2014

Stefan M. Selig is the Under Secretary of Commerce for International Trade.

Stefan M. Selig

Stefan M. Selig

Yesterday, Secretary Pritzker and I announced that we will lead a high-level delegation on an economic fact-finding trip to Poland and Turkey later this month. I am excited to participate in the first PEC fact-finding mission for the Obama administration.

That delegation — members of the President’s Export Council (PEC) — is the principal advisory committee on international trade to the president. It includes both public officials and private sector leaders.

The private sector leadership that will participate during the trip represent many of the most successful and important companies doing business globally today. That includes the PEC vice chair, Ursula Burns, Chairman and CEO of Xerox Corporation.

CEOs and senior executives from Lockheed Martin, Marriott International, Archer Daniels Midland, Boeing, Dow Chemical, eBay, IBM, and Pfizer, among others, will also participate in the fact-finding mission.

With Poland as the sixth largest economy in the EU, and Turkey tripling its GDP per capita since 2002, the trade and investment opportunities are plenty and promising, particularly as they relate to economic growth for American businesses.

After exploring potential opportunities in these countries, the PEC will report its findings to President Obama later this year. This trip is also an occasion for both the administration and American businesses to expand its presence in the field of commercial diplomacy. Working together as partners, we are deepening U.S. economic ties and continue to strengthen our presence on the global stage.

In fact, one of the reasons I am excited to lead ITA at this moment in time, is because I believe we have a significant role in shaping international economic priorities.

We can drive commercial diplomacy to new heights.

From our Doing Business in Africa campaign, which helps facilitate business deals that result in trade-based development for the continent and jobs for the United States, to our Look South Initiative, which is designed to increase trade and investment with our neighbors to the south, or trade missions that promote clean, renewable energy throughout the world, the linkages between our trade and our diplomatic priorities is clearer than ever.

For more information about the PEC, its members, or history, visit http://trade.gov/pec. Stay tuned for our report to the president.

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Daring to Be Great in Supporting U.S. Exporters

September 3, 2014

Judy Reinke is the Deputy Director General of the U.S. and Foreign Commercial Service.

Many of ITA's senior commercial diplomats from around the globe are meeting in Washington, D.C. to discuss ways to better support business investors and U.S. exporters.

Many of ITA’s senior commercial diplomats from around the globe are meeting in Washington, D.C. to discuss ways to better support business investors and U.S. exporters.

In order to support U.S. businesses going global, the International Trade Administration itself needs to be global.

That’s why we maintain staff throughout the United States and in more than 70 markets around the world, connecting companies of all sizes to opportunities in the international marketplace.

Technology has helped us execute our mission across borders, between time zones, and through language barriers. But just like we tell our clients seeking overseas partners, sometimes there’s no substitute for an old-fashioned face-to-face meeting.

That’s why I am excited about our Global Markets Global Meeting this week, bringing together ITA’s senior Commercial Service staff from the United States and around the world to share best practices, learn about new opportunities, and connect with the people who are making commerce happen – people we sometimes only know by email.

It’s been more than 10 years since our last meeting of this magnitude, and this week’s event will enable us to better execute our mission and understand new methods to better support our clients.

How can our team support your business

 

 

Certainly, doing business in global markets will always require different strategies – exporting auto parts to Kuwait is totally different from providing legal services in India, where I was stationed as a commercial diplomat. But sharing innovative practices for our team to better support global companies doing business in Kuwait, India, Germany, or any other market in the world will ultimately enable us to provide more assistance to U.S. exporters.

Our mission is also expanding, as we see a greater emphasis on encouraging inward investment to the United States through the SelectUSA program. Our commercial diplomats will work closely with foreign companies and business leaders not only to support U.S. exports, but to facilitate business investment in the United States.

Our team is doing important work. It is work that supports U.S. job growth, enables economic advancement, and supports development around the world.

I want to thank everyone on the Global Markets team for the work they do. I look forward to participating in this week’s event, and to seeing our team continue to support business investment and connect U.S. companies to new opportunities throughout the global marketplace.

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Intern Spends Summer of Service Supporting Business Investment

August 20, 2014

This post contains external links. Please review our external linking policy.

Sarah Sohn

Sarah Sohn recently completed an internship with SelectUSA.

There’s no such thing as a summer vacation when it comes to supporting the U.S. economy and business investment.

That’s why we were so lucky interns like Sarah Sohn spent their summer supporting the International Trade Administration’s (ITA) SelectUSA team.

We did our best to keep Sarah and our other seven SelectUSA interns on their toes, and we appreciate all of their hard work conducting research, organizing events, briefing program leaders, and being important contributors to our team.

Sarah wrote a great post about her experience working with us, and you can find it on the Harvard Institute of Politics blog.

We’d all like to extend a heartfelt thanks to all of the interns who spent their summer with us this year, in SelectUSA and the various other programs and offices throughout ITA! Your contributions have been a huge part of our success in supporting trade and investment.

If you’re looking for an internship this fall, SelectUSA is recruiting interns to fill a number of roles. You can also find information about other ITA internships on our blog.

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Joining ITA with Laser Focus

June 25, 2014

Stefan M. Selig is the Under Secretary of Commerce for International Trade.

Under Secretary Selig addresses ITA staff at his first all-hands meeting.

Under Secretary Selig addresses ITA staff at his first all-hands meeting.

It is an absolute honor to begin my service as the Under Secretary of International Trade.

After being sworn in by Secretary Pritzker on Monday, I had my first opportunity to address the International Trade Administration’s global team today, and my message was very clear:

ITA will be laser-focused on serving our clients.

We will support the Commerce Department mission and Secretary Pritzker’s charge to reinvigorate our support for trade and investment in the United States.

We know why this is important: exports support 11.3 million U.S. jobs and foreign direct investment supports 5.6 million jobs.

Our economic growth relies on more businesses going global, and ITA helps make that happen. Our services can give any business interested in exporting, and any investor looking for a new opportunity, a leg up on the competition.

As someone who has been an investment banker for almost 30 years, my professional life was built around client service. The loyalty, support, and friendship of so many of my clients will always be a highlight of my career.

For any company that is an ITA client, our team will make your business needs our top priority.

I know how important it is for U.S. companies to engage in the global market; 95 percent of global consumers live outside the United States, so companies that aren’t exporting are missing a huge opportunity.

I look forward to working with my newest client, a world-class business executive named Penny Pritzker. I look forward to working with the International Trade Administration’s experts as we continue our important mission of supporting international trade and investment.

If your business is looking to expand in the global marketplace and you have not yet taken advantage of our services, I encourage you to contact us now. There’s no better team to have in your corner.

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Secretary Pritzker Swears in New Commercial Service Officers

June 20, 2014

This post originally appeared on the Department of Commerce blog.

Secretary Penny Pritzker swears in new commercial officers.

Secretary Penny Pritzker swears in new commercial officers.

U.S. Commerce Secretary Penny Pritzker today swore in 24 new Foreign Commercial Service Officers and one Intellectual Property Attachè at the Commerce Department. The ceremony marked an exciting beginning to these officers’ careers in overseas and domestic markets where they will work to strengthen the American economy by supporting U.S. businesses in the global marketplace.

The administration is committed to increasing U.S. exports, which support millions of jobs.  U.S. exports have set records for four consecutive years, reaching $2.3 trillion in 2013. These exports now support 11.3 million jobs in the United States. The recent launch of the NEI/NEXT campaign by Secretary Pritzker has built on the momentum of the recent growth to encourage American companies to take their business to overseas markets.

Expanding trade and investment is a central part of the Department’s ‘Open for Business Agenda’ and having an overseas presence is one critical way to support U.S. businesses seeking to grow in foreign markets.

During a recent trip to Burma, Secretary Pritzker announced the Department of Commerce will expand its overseas resources to help U.S. businesses navigate additional global markets and sell their goods and services to customers all over the world. The Department’s International Trade Administration will add a total of 68 new positions and open offices in five new countries, including its first in Burma. The expansion is largely focused on fast-growing markets in Asia and sub-Saharan Africa.  The Department of Commerce will soon add new offices in Africa and Asia in order to facilitate exports in these critical markets.

The new officers bring a wealth of knowledge and experience from their prior private or public sector service. Of the more than 3,800 candidates, these 25 men and women were chosen because of their constant resourcefulness, tenacity, and of course, diplomacy.

These new Commercial Service Officers play a vital role in the enhancement of American businesses. They support U.S. businesses in overcoming trade barriers, finding global business opportunities and partners, and attracting investment to U.S. shores. These officers will be the boots on the ground, leading the charge to open new markets and helping companies compete in the global marketplace.

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